【$CHIP Signal】Multiple callbacks, negative fee rate short squeeze expectations

$CHIP 1H RSI 77.42, overbought zone at high level, MACD histogram contracting. The upper band of the 4H Bollinger Band at 0.0662 has been pierced, current price at 0.06764 is outside the band. Funding rate -0.0191%, bears continue to pay, short squeeze positions have not been cleared. Waiting for the price to retest the 1H EMA20 (0.0615) for support, risk-reward ratio about 1:4, with trading value.

🎯Direction: Long (limit order retracement)

⚡Entry/Limit order: 0.0620 (within recommended range)

🛑Stop loss: 0.05884

🚀Target 1: 0.06762

🚀Target 2: 0.06789

🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back to entry level, automatically exit to protect capital.

Depth logic: OI remains stable, no large-scale exit of longs or shorts. Negative fee rate provides natural support, limiting downside space. Although 1H MACD is shrinking, no death cross yet; if volume increases after retest, it signals a second peak. Seller dominance in order book depth (-3.54%), waiting for buyers to actively absorb selling pressure. Currently chasing longs at this level carries higher risk than reward; placing limit orders for a more relaxed approach.

View real-time market 👇 $CHIP
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